Diversify the risks even in largecap segment: 5 largecap stocks with upside potential of 25-33%
After a brutal correction, at an index level we can see some respite. But at the broader market levels, there are clear signs that valuations are still a concern. So, it might be too premature to call that the risk of overall high valuations leading to more time wise correction is over. There are questions at this point of time which need to be addressed. First, what does one do with existing investments? Second, which set of stocks one should look at if one is making if one is planning to put in fresh money? The answer to the first question, move out of stocks where fundamentals are in doubt and stocks price have just moved up because of liquidity which was rolling on the street. For the second one, stick to large caps and even in that diversify exposure to different sectors. Don't over expose oneself to one sector as one headwind in a sector can take away gains. Last but not least, stick to companies with certain level of Return on Equity (ROE), Return on Capital Employed (ROCE), and company debt levels should not be overlooked Key Points
Economic TimesTime to tilt towards largecaps; 3 sectors to get into on correction: Nitin Raheja
Nitin Raheja advises largecaps amid corrections in mid and smallcaps. Financials face challenges, chemical companies show resilience. Birla Group unlocking value. Caution on FMCG and battery stocks. Pharma presents defensive play with growth potential. Key Points
Economic TimesMarket has to consolidate till April to have a pre-election rally in May: Sandip Sabharwal
Sandip Sabharwal discusses ongoing market corrections, potential pre-election rally, and government policies' impact on various sectors. He emphasizes the need for caution in investment decisions amidst market uncertainties and highlights the resilience of certain stock categories. He says the real pain of the market correction has been felt in the smallcaps and to some extent on midcaps. But valuations in that segment are still somewhat higher. I do not think the entire correction should be over as of now. Key Points
Economic TimesBFSI stocks: They shed weight much before others do, time to be contrarian and buy?
The kind of correction the broader market is witnessing in the last few days, the financial services sector had seen that few months ago. Infact, if one looks at the overall picture this phase of correction was led by one private sector bank and the other parts of the BFSI came under pressure at the start of 2024. For two reasons, first is that RBI has been doing a policy tightening and regulatory cleanup excerise, so there were some margin hits coming in earnings. Second, they are heavily owned by foreign portfolio investors who have been sellers in the Indian markets. A large number of times they give an advance indication of what the broader market might look like in near term. Similarly, the other way round, these stocks on a relative basis have performed better than others in the last few days. The first streak of relative outperformance is good enough indication for them to be brought on watchlist. Key Points
Economic TimesShort term correction don't dent the macro relationships: These bank stocks can give more than 20% returns
While a correction is taking place in the market and is visible in all segments of the markets. The question which needs to be asked is, why the correction is taking place. Is the reason any issue in global markets or local macroeconomic headwinds or is it just that valuations had seen a run up very sharply and now they are just correcting due to profit booking. At this point of time, the answer is the last one “ valuations”. But what about a sector where the valuations never were so high or a sector which has just seen a fundamental improvement in the operating matrix. Should that also see a correction? The fact when a broad based profit booking is happening than even the stocks and sector where are not in the over priced category will also see a correction. But probably those are the sectors which should be on the watchlist because when valuation readjustment is over, they might be the ones who would be leading the next round. Key Points
Economic Times
Right strategy is to keep cash in portfolio and buy on 10-15% dips: Dipan Mehta
Dipan Mehta advises keeping cash in the portfolio for strategic reasons, as investing during a correction ensures excellent returns in the next three years. Compliance and responsible lending are priority for NBFCs like IIFL and JM Financials. At 25-30% correction, a whole host of midcap ideas also will come through. Right now investors need to really assess the risk return profile of their portfolios. Key Points
Economic TimesFor moderate risk takers: 5 midcap stocks from different sectors with potential upside of up to 36%
Unlike last quarter of 2023, when nifty and sensex used to witness correction and mid-cap index was able move higher. Since the start of 2024, the mid-cap index is also participating in the correction, clearly indicating that some profit booking is taking place in this segment of the market. Having said that, if one looks at the flow of money to the mutual funds, a good amount of it is still coming in funds which are focussed on mid or small cap. There is no way one can fight with liquidity, if it is going to mid caps and they are moving up irrespective of valuations or quality of stocks one cannot argue. But the only thing which as an investor one can do is to be careful when taking exposure to this segment of the market. Stay away from stocks where there is a narrative that this sector will do well because of ABCD reasons or the company will get such and such orders worth this much. There is enough evidence in history to show that more than anything else, checks and balances are most important at this point of time, while making investment decisions. Key Points
Economic TimesFor risk takers with a long-term perspective? 6 midcap stocks from different sectors with the right ratio
This week there was a sharp correction in the mid-cap index, and market breadth was also weak. This should serve as a warning to all those who are buying stocks without bothering to look at what is the business of the company. The way correction panned out, there is higher probability of a correction in mid-cap space continuing if there is more trouble with Nifty. But rather than bothering about what will happen to nifty in the next few weeks or quarters, long term investors looking to take exposure to the mid-cap should focus on individual companies and their underlying business. At the same time, because overall valuations are high, be ready for underperformance for some time and focus on the long term. Key Points
Economic TimesFor moderate risk takers with a long term perspective ? 5 midcap stocks from different sectors with the ri
Last week, the correction started with a private sector bank leading the fall. However, the very next trading session there was a sharp correction in mid-cap index and the markets breadth turned negative. This follow up of correction in a short span is a clear indication that high valuations are a weight on the street mind. This means higher probability of a correction in mid-cap space if there is any trouble with Nifty. So, be cautious while taking exposure as a correction mid-cap is more harsh in terms of price cut on individual stocks. Key Points
Economic TimesGold vaults to all-time high
Gold prices rally in international market, impacting domestic prices. Prices breach Rs 64,000/10 grams mark on MCX. Sharp correction follows, falling Key Points
Times Of India
In times of volatility: 5 largecap stocks from different sectors with upside potential of up to 31%
Last three weeks have seen a sharper correction both in terms of what nifty and sensex have witnessed but also in terms of market breadth coming underpressure. Now because this correction is coming at a time, when some events risks are on the domestic front and also because of developments in the US. It would be better that caution should be added to the decision making in the stock market. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic TimesThese midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 15%, according to analysts
After remaining under the control of bulls, mid-cap stock witnessed a sharp correction early last week and also this week. There is some correction taking place in a few select sectors. However analysts are still bullish on select mid-cap stocks. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . This predefined screener is only available to ET Prime users. Key Points
Economic TimesHemang Jani on 3 Adani group stocks that could be great election plays
Hemang Jani says there is no need to react in a knee-jerk manner. The correction is providing a great opportunity. advises The market correction presents opportunity for balanced investment in largecaps, midcaps, and smallcaps. Adani, Ambuja, ACC, IDFC First, PSU banks, BEML, Max Health, Apollo Hospitals, Lemon Tree, Indian Hotels are good buys. Key Points
Economic Times8-10% correction likely in Nifty as well as broader markets: Amit Khurana
Amit Khurana, Head of Equities at Dolat Capital, expects a broader correction of up to double digits on the Nifty. PSU banks have been downgraded due to mean reversion in credit costs. Some pockets of the PSU universe, such as city gas distribution companies, still offer value. Shriram Finance is viewed positively. Key Points
Economic TimesFor volatile markets: 4 largecap stocks from different sectors with upside potential of up to 28%
After out performing emerging markets, Indian markets have become an inline performer with other emerging markets for the last three weeks. This is due to sharper correction which both nifty and sensex have witnessed. Now because this correction is coming at a time when the global situation is not so good, both in terms of interest rate and also higher geopolitical risks, it would be better that “caution” should be added when decisions are taken about investing. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic Times
NEET UG 2024 correction window dates released, notice here
NEET UG 2024 correction window dates have been released. Check notice here. | Competitive Exams Key Points
Hindustan TimesFor volatile markets: 5 largecap stocks from different sectors with upside potential of up to 40%
The equity markets globally, both emerging and developed have moved into a correction mode. How long this correction continues is anyone's guess. In such times it would be better for both traders and investors to stay with stocks which have shown tendency to fall less in a bearish market. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic TimesFocus on better risk management: 5 midcap stocks from different sectors with the right financial matrix
It is after a long period of time, that mid-cap stocks have seen some correction. All those investors who have high exposure to mid-caps in their portfolio have probably gone through two different emotions. Should I sell? Should I buy more? For all those who have gone through these emotions. Let the market be volatile, don't make volatile decisions. Corrections are part of any market and especially when valuations are high, the frequency and magnitude of correction will be higher. For all those who are looking to deploy more money and are focussed on mid caps, it would be better to put more checks and balances, both qualitative and quantitative and be selective in buying stocks. More importantly, even after putting in all the efforts of checks and balances, be ready to see a short term drawn down in the value of your portfolio, because if there is a deep correction in the markets, mid-cap stocks tend to shed more weight. Key Points
Economic TimesThese midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 20%, according to analysts
The correction which was essentially started with a large cap segment has moved into mid-cap stock. It is not the first time this correction has taken place and a similar trend is visible in the past also. In such times it would be better to select stocks where analysts are bullish. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . This predefined screener is only available to ET Prime users. Key Points
Economic TimesIn times of volatility: 6 largecap stocks from different sectors with upside potential of up to 35%
Last three weeks have seen a correction both in terms of what nifty and sensex have witnessed but also in terms of market breadth coming underpressure. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic Times
Beating Volatility: 4 largecap stocks from different sectors with upside scope of up to 16%
Just because the broader stock markets indices like Nifty and Sensex have not fallen sharply in one trading session, the current wave of correction is not making it to headlines. In the last month, Nifty and Sensex have corrected. The broader market is still under the control of bulls. But as they say, volatility comes without any prior notice, so it would be better for oneself to be prepared and probably if one is thinking of taking exposure, staying with large caps might be a better idea. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified in the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic TimesIs outperformance returning to the broader market? Kunj Bansal answers
NISM's Kunj Bansal foresees rural demand growth after elections or government aid. Sectors with attractive valuations lure long-term investors. Short-term traders focus on trading patterns. Recent market movement, crop arrival, smallcaps, midcaps, stock corrections, and equity risks influence investments. Key Points
Economic TimesThese largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
Today despite the fact that the nifty heavyweights are trading in green territory, nifty is still trading just moving close to the red territory. This along with a negative market breadth is clearly indicating that finally a phase of profit booking has come. There is a high probability that this corrective phase may continue further. Because the valuation differential in large and mid cap had increased very sharply, there is more probability of a mean revision trade taking place. It might be better for have a bias toward looking at large cap when investing fresh money. Key Points
Economic TimesStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 38%
While it might be too early to call or to some it might appear to be wish of which bears on the street would have, but the way the market breadth has panned out, there is probability of a selective correction taking place, which is essentially led by the profit booking. At this time if one is looking to increase exposure, it would be better that they should look for stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesStock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 27%
While it might be too early to call or to some it might appear to be wish of which bears on the street would have, but the way the market has panned out at the start of 2024, there is probability of a selective correction taking place. So, it is stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic Times
JEE Main Exam 2024 Session 1: Image correction window opens
JEE Main Exam 2024 Session 1 image correction window opens at jeemain.nta.ac.in. Details here. | Competitive Exams Key Points
Hindustan TimesReady for another round of outperformance? 4 tile and ceramic product maker stocks with upside potential o
Like many industries, home building products like ceramic tiles got a sharp re-rating in the last couple of years. Any company with a strong brand got to valuations which were much higher than average valuation they got in years. As it happens, when valuations reach an extreme high zone, self correction sets in. Stocks move in a broad range, they tend to under perform in a bullish market, but at the time in a bearish market they outperform by falling less as compared to another. Essentially, they witness a time wise correction for a period where earnings reach a level that their valuations become normal. After becoming normal, the probability of another round of strong upward movement increases. Key Points
Economic TimesFor calculated risk takers: 6 midcap stocks with right levels of RoE and upside potential of up to 44%
Despite the fact the valuations are high and there are many headwinds both in terms of geopolitical risk and central banks policy making, the correction which is taking place in the market is not of the same magnitude which in the past such mews flow has brought. So at one level while the correction is taking place but at the same time, the under current is still that of hope. In such times of divergence, it would be better to add the words like portfolio rejig, caution, fundamentals and valuations to one’s thought process while buying stocks. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic TimesThese midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 20%, according to analysts
The way mid-cap stocks have performed in the last few days, it appears that a rotational correction is taking place. The only solace is that the street is rewarding the stock if there is any positive development which indicates that there is still fresh money which is on the sideline which moves into those stocks. But on the other hand, on a day when there is any correction, the cuts are sharper and market breadth turns extremely negative. For investors who have high exposure to mid-cap space, there is one key indicator to watch is FPI flows. But in this time also the analysts are bullish in select midcap stocks from different sectors. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . This predefined screener is only available to ET Prime users. Key Points
Economic TimesFor moderate risk takers: 5 midcap stocks from different sectors with potential upside of up to 39%
After 6 months of relentless rally, mid-cap stocks are witnessing some correction. Will this correction last longer would depend on two things, first earnings in this space and second foreign institutional investor ( FII) flows over next two months. At this point of time analysts are bullish on select midcap stocks, ones which have seen their score improving. Stocks from sectors like sugar, healthcare and logistics are on the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic TimesStock market opens lower amid global turmoil, bulls seek support
Mumbai (Maharashtra) [India], October 3: The stock market witnessed a subdued opening today as international markets faced significant turmoil, sending shockwaves through global financial centres. Despite a lacklustre start, the Indian markets showed resilience, with bulls hoping for crucial support at the 18,887 level. Show Full Article At the opening bell, the Sensex took a […] Key Points
ThePrintFor risk takers: 4 midcap stocks from different sectors with potential upside of up to 32%
After months of relentless rally, last week mid-cap stocks witnessed some correction. Will this correction last longer would become clear in the coming few weeks as the earning season gets kicked off, analysts are bullish on select midcap stocks which have seen their score improving. Stocks from sectors like financial services, logistic are on the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic TimesWhy Christy Mathai finds value in private sector banks now
Christy Mathai of Quantum AMC emphasizes value in private banks, FMCG, and autos despite high valuations. Caution is advised due to potential corrections in certain sectors like autos and durables amid competitive pressures. Mathai is looking at around 12% to 13% earnings growth in Long Term Equity Value Fund going into FY25. Key Points
Economic TimesIs it time to sell a Trent and buy a VIP? Is it time to flip? Here’s what Sandip Sabharwal has to say
Sandip Sabharwal has been buying Bata shoes and stocks. He believes that the volume growth in footwear will bounce back. He also bought VIP stocks and thinks that the luxury segment will continue to grow. Sandip mentions that companies in the power supply chain like transformers, transmission, storage, and metering will perform well. Key Points
Economic TimesETMarkets Smart Talk: Manish Sonthalia sees Nifty@24,500 in 2024; gives 5 reasons why markets unlikely to
Manish Sonthalia says: There could be some time correction in mid and small caps during FY2024, not too much price correction, as SIP flows and retail participation in this space are pretty strong. The IPO market is pretty heated up in general SME or Main Board IPOs. IPOs would in general be an avoid. Key Points
Economic Times
Bull market intact but corrections to continue for couple of months at least: Amisha Vora
Amisha Vora discusses recent market correction, sentiment, advance declines, and M2M issues affecting portfolios. The bull market is expected to resume after stabilization. Vora remains cautious short-term while staying positive long-term with special emphasis on largecaps and selective sectors. The market focus stays on advance tax, Paytm, electoral bonds and the consolidation phase post-election. Key Points
Economic TimesCheck vitals before admitting them in your portfolio: 5 smallcap stocks from different sectors
In the last three days, including this morning when markets opened for trading, all those investors who have overloaded small caps in their portfolio have probably gone through three different emotions. Monday , my portfolio has gone dramatically, should I sell. Tuesday, my portfolio value has recovered, it was just a correction, should I buy more. This morning, once again why the value of my portfolio is down, should I sell. For all those who have gone through these emotions. Let the market be volatile, don't make volatile decisions. Corrections are part of any market and especially when valuations are high, the frequency and magnitude of correction will be higher. For all those who are looking to deploy more money and are focussed on small caps, it would be better to put more checks and balances, both qualitative and quantitative and be selective in buying stocks. More importantly, even after putting in all the efforts of checks and balances, be ready to see a short term drawn down in the value of your portfolio, because if there is a deep correction in the markets, small caps, stocks tend to shed more weight. Key Points
Economic TimesDip buyers in action? Sensex rebounds more than 900 points from day's low
The vulnerability of the mid and small caps to correction remains since the valuations are excessive. Large caps will witness buying on declines. Investors can wait for the market to stabilise and buy high quality largecap stocks on declines, said VK Vijaykumar of Geojit Financial. The top gainers were Power Grid, Britannia Industries, Bharat Petroleum Corporation (BPCL), RIL, and LTIMindtree, while the top losers were Axis Bank, Bajaj Auto, Cipla, SBI Life and ICICI Bank. Key Points
Economic TimesThere is no hurry to buy today or tomorrow; do bargain hunting in small and midcaps going forward: Porinju
Porinju Veliyath suggests a strategic approach to value investing in small and midcap stocks amidst the current market correction. He emphasizes the long-term economic growth potential of India, projecting a $6-7 trillion economy by 2030. He further poitbs out that he is 100% sure it is not a repeat of 2018 which I have gone through and suffered very badly with huge underperformance to the market. Key Points
Economic Times2 stocks considering going long on in a falling market: Kunal Rambhia
18,975 is something to watch out for. So, in a day or two, if the indices are able to reclaim those levels, then the bounce till around 19,500 cannot be ruled out. But failing to reclaim the level, the 18,400 kinds of levels are something to watch out for and this correction might just get extended for 400 to 450 points more from the present levels. Key Points
Economic Times
Twin tailwinds of faster economic growth and long-awaited sectoral re-rating. 5 PSU banks with an upside p
In March's market correction, the initial correction was led by PSUs. Both PSU banks & non-bank PSU. Given that both sets of gained sharply, profit booking was natural. But if one looks at the broader contours it is clear that while the PSU banks corrected, the magnitude of the correction was not very high. For example, if after gaining over 100% in 2023, the stock corrects 10-15 %, it is a bullish sign and not bearish. If one looks at the table, in all time frames the selected PSUs have delivered positive returns except in one stock where 1-month returns are negative. This trend is normally witnessed when there is more delivery-based buying based on positive fundamental changes. As the economy continues to move on a path of higher growth, they probably are the best to play the theme, if you are able shed historical baggage which sometimes hit the Street. Key Points
Economic TimesA 10-12% crude correction may provide buying opportunities: Hemang Jani
The market correction is not confined to HDFC Bank only but is influenced by global markets and outflows across emerging markets. We should let the market stabilize for a few days. Midcap cement companies, Phillips Carbon Black, India-focused IT companies, MapMyIndia, Naukri, are potential buys. The best of the operating profit margins for crude beneficiaries like paints, tyres, OMCs may be behind them. A mini crude correction may present buying opportunities. Key Points
Economic TimesBuy Bharat Forge on dips; be careful in specialty chemicals for next 2-3 years: Sandip Sabharwal
Investors must be cautious in the specialty chemicals space for the next two to three years, as many stocks are 30-40% down from their highs but are still up 200-500% from 2020 lows. The margins of these stocks will fall. The decline in commodity prices in China will create a downside throughout the commodity world. Key Points
Economic TimesThese largecaps have ‘strong buy’ and ‘buy’ recos with upside potential of over 20%
After a long period of time, bears are seeming confident. How long they will be able to roam on the street is the question for which answers are being sought. For that it would be better to focus on why the correction is taking place. Whether there is just a profit booking after a long phase of out performance or there are any headwinds which the economy is either facing or is likely to face. The answer is very clear that this phase of profit booking and there are no headwinds, in fact there are more tailwinds of clear policy making. This is not to say that this corrective phase will not continue further, if there is any increase in oil prices, there might be some short term pressure, but the long term story stays intact. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . The screener applies different algorithms for all BSE and NSE stocks. Key Points
Economic TimesFor compulsive trader & contrarian investor: A set of stocks which may get better treatment in volatile ma
It is probably times like these, where after a long phase of trending market, some volatility and correction is coming to the street that one needs some set of rules. The reason, in the first phase of correction, the recency bias that every dip is buying opportunity will play out. The tendency to do averaging will be high. It is this set of rules which will be able to help better navigate the market when it's volatile with a bearish bias. This might appear conservative to some as it limits the scope but being conservative is a way of bringing in discipline, especially when it comes to trading. So, out of a total universe of more than 3000 stocks, how about having a set of 50 non - nifty stocks which increase the probability of you making money both in volatile and also satisfy the compulsive trader and contrarian investor in you. Key Points
Economic Times
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 20%, according to analysts
After a strong phase of outperformance , mid cap stocks are witnessing a a wave of profit booking move. Unlike the past few weeks, where a rotational profit booking was taking place, this time the correction is taking place across the board. Now how long it will continue will depend on how the SEBI advisory pans out and also how nifty moves. During this phase, analysts are bullish on select stocks from different sectors, some of which are either the leaders of their sector or part of the top three companies which are known to be well managed. Key Points
Economic TimesStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 37%
In the last two months, there have been phases where the nifty has witnessed a short correction which lasted for anywhere between two to four days. The only difference is that unlike the past when such correction took place, this time when corrections are taking place mid-cap segment also participated. This is indicative of profit booking happening at the broader market level. At this point of time, one cannot rule out volatility which can bring more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 27%
While nifty slipping from the high of the day and ending in red territory is nothing new, it keeps happening. But this Friday it took place with PSU banks leading the profit booking move. This profit booking coming in the space which has done well in the last few weeks, tends to create more short term disturbances. There is a probability of a further selective correction taking place. In this period stocks where there are some improvements in the business operating matrix tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesFor volatile market conditions: 4 largecap stocks from different sectors with upside potential of up to 33
Once again on wednesday, there was minor correction in nifty, but more tremors were felt in the mid-cap part of the market. While it might be too early to call it even a corrective move, because this could be due to profit booking just before the expiry of the weekly option contract today. But because volatility never gives notice before coming, it is better to be prepared for it, by staying with a set of stocks which have a higher probability when a storm hits the street. While there is no full proof way, putting some filter would help at least in avoiding some mistakes. So, staying with the large caps segment, in that too staying with sectors where the market size is big and as is likely to grow at a certain rate due to basic nature of the business, then looking if the analyst score has moved higher in the last one week which has been a volatile period for the market. Key Points
Economic TimesFor calculated risk takers: 6 midcap stocks from different sectors with potential upside of up to 39%
After what can be described as a short phase of correction, mid-caps are once again on a roll. Both in terms of market breadth and absolute gain, midcap are leading the rally. The valuations which were high have moved even higher, so while there cannot be an argument against the liquidity, there are some safeguard which become important before one take exposure to the stocks and especially mid-caps as the correction in this space can be very brutal. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate mid cap space. Key Points
Economic Times
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 42%
After touching a new high, nifty and sensex moved into correction mode. If one looks at the way markets have moved intraday in this phase of correction, it appears that a basket selling pushes the index down then there is one sector which pushes it back up. These are indications that in the coming two weeks, when there is a high probability of volumes being low in the markets, we may see slightly higher volatility as stock prices will react more to even slightly a bit of selling or buying. In such times it would be better to stay with stocks where analysts' outlook has improved over the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesBig movers on D-Street: What should investors do with Muthoot Finance, RVNL and Cartrade Tech?
Stocks that were in focus included names like Muthoot Finance, which fell 3.24%, RVNL, which declined 2.74%, and Cartrade Tech, which rose 20% on Friday. Key Points
Economic TimesFor bearish bias in volatile market: 5 largecap stocks from different sectors with upside potential of up
Even markets are volatile, there is an underlying bias to volatility, it could be bullish or bearish. This bias is reflected in two things, first the market breadth which is essentially how many stocks are moving upward or downward. On a large number of days, market breadth is showing that its bias is toward bears. Because this correction is coming at a time when the global situation is not so good, both in terms of interest rate and also higher geopolitical risks, it would be better that “caution” should be added when decisions are taken about investing and sticking to largecap. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks that fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic TimesFor risk takers: 5 midcap stocks from different sectors with right levels of RoE and upside potential of u
Friday’s up move in nifty might make some think that correction is over, but give the fact that valuations are high and global markets are still grappling with possibility of hawkish stance of US fed, in such conditions, it would be better to add the words like portfolio rejig, caution, fundamentals and valuations to one’s thought process while buying stocks. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic TimesFor risk takers; 5 midcap and small stocks from different sectors with right levels of RoE and upside pote
Friday’s up move in nifty might make some think that correction is over, but if one looks at the intra day move, the fall from high of the day, where nifty lost half of its gains indicates that possibility of bulls might still face obstacles. In such conditions, it would be better to add the words like portfolio rejig, caution, fundamentals and valuations to one’s thought process while buying stocks. Probably, rejigging the portfolio would be a better option. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic Times
Turning attention to largecaps; 3 stocks on radar: Sanjiv Bhasin
My top pick is Larsen & Toubro. There is a new tie up with Hindustan Aeronautics. Defence now taken centrestage after Chandrayaan 3. And Larsen & Toubro fits the bill perfectly. It is a must-have in a portfolio. Use this correction to buy. Two, I have been very bullish on Apollo Hospital and that could be a very good play for a target of 6,000. Third, I am very bullish on LTIM. In IT, there will be a re-rating and it will be led by LTIM. Key Points
Economic TimesAttempting a comeback: 4 software stocks with 'buy' rating and an upside potential of up to 21%
After being in the front leading the stock market rally during covid, software stocks have been witnessing correction in their valuations for more than a year. But in the last few weeks, they have been witnessing some positive reaction whenever there is any news related to their earnings or any sectoral developments. Key Points
Economic TimesAttempting a comeback! 3 software stocks with 'Buy' ratings and upside potential of up to 34%
After being in the front leading the stock market rally during covid, software stocks have been witnessing correction in their valuations for more than a year. But in the last few weeks, they have been witnessing some positive reaction whenever there is any news related to their earnings or any sectoral developments. The companies in the list are covered by a minimum count of 2 analysts. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list. Key Points
Economic TimesBuy on dips? Go for these 4 defence and hotel stocks: Hemang Jani
Hemang Jani discusses opportunities in various sectors including defence, healthcare, and PSU banks. Recommendations include BEL, HAL in defence, and BOB, Canara, State Bank in PSU banks amid market corrections. He also says, Linde, which is a midcap stock and which has a very commendable story on green hydrogen and given the new investment that they have made in semiconductor, could be an interesting bet to look at. Key Points
Economic TimesETMarkets Smart Talk: Microcap space looks a little overvalued; auto, pharma, banks likely to lead next le
Sushant Bhansali, CEO of Ambit Asset Management, states that the microcap space appears overvalued and could experience a significant correction. He remains positive on sectors such as autos, pharma, banks, discretionary consumption, and chemicals. Bhansali believes that the Indian economy's fundamentals are strong, with expectations of continued double-digit growth for the Nifty index. He mentions that rising crude oil prices may delay rate cuts but is not overly concerned due to stable currency and strong economic fundamentals. Key Points
Economic Times
Tech View: Nifty charts hint at more trouble ahead. What traders should do on Friday
Indian stock market Nifty fell by 118 points to close at 19,659.90, forming a lower top and bearish candle indicating further correction. The daily Bollinger bands also suggest a short-term consolidation. Support at 10-day EMA at 19,680 has been broken after sustaining for 21 days, showing weakness and a possible Key Points
Economic TimesRange-bound Nifty likely to head higher; 2 top stock picks now: Mileen Vasudeo
We are seeing a time-wise correction over here and there is no clear trend at present. Markets are likely to head on the higher side. 17500-17450 is a strong demand zone. Similarly, Bank Nifty also has good support at 41,950-41,750 levels. But yes, we are seeing some time correction but eventually we are going to head higher. Key Points
Economic TimesNifty can go up to 40K-50K in 3-4 years post a correction to 18,500 now: Subodh Gupta
Subodh Gupta analyzes Nifty correction, highlighting 18,500, 18,750 levels as a retracement. He anticipates a bull run target of 40,000, 45,000 Nifty but acknowledges the need for market corrections and sectoral rotations. Gupta says: Our base case scenario is 18,500, 18,700 levels. We see that particular level as an ideal level to buy into the market for the next round of bull run. Key Points
Economic TimesInvesting long-term? Start accumulating stocks which have been hammered 20-40%: Rahul Sharma
Rahul Sharma suggests focusing on largecaps for alpha generation, while considering smallcaps and midcaps at discounted prices. Nifty's positive trend and sector leaders' performance support an optimistic outlook for FY25. Sharma says: As we have seen in the past, corrections have been bought into and this time also, it does not seem any different. Key Points
Economic TimesMarket is uptrending; wait for the bull market corrections: Nitin Raheja
Nitin Raheja says: “The consumer companies are great businesses with great cash flows and great returns. But growth is missing. Typically we look at businesses in high growth mode. We like to invest in businesses where we believe earnings can grow and double at almost 15% to 16% compounded over the next five years. We do not find that in some of these businesses.” Key Points
Economic Times
Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 41%
Once again everything is looking green, the way FY 25 has started, it appears that bulls were on short term break due to tight liquidity conditions which tends to appear in the last month of every financial year. While the local liquidity condition might improve, the issue of high valuation is still not over. It is still a time to be cautious in terms of not going overboard with taking exposure to a certain stock, selective about what one is buying. The reason, if the street becomes selective and gets into correction mode once again, it is stocks where there has been improvements in the business operating matrix will be able to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesThese midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 30%, according to analysts
On Wednesday, thanks to one stock, Reliance industry, nifty was able to make a comeback. But what is more important is that market breadth, which has been under pressure for most of the sessions for the last three weeks, was in the green territory for most of the time. It is important to keep one eye on market breadth as that would be a more reliable indicator for deciding the strength and possible time frame for which the rally may last. Another thing which one should monitor closely is when the numbers of how much money has flown to mutual funds in the month of March which would get released in early April. This would be an indication of how much impact did AMFI advisory to mutual funds had on ground. Also, this would answer the question, whether this is another short term profit booking move or a beginning of a long phase correction and valuation adjustment.During this phase, analysts are bullish on select stocks from different sectors, some of which are either the leaders of their sector or part of the top three companies which are known to be well managed. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . This predefined screener is only available to ET Prime users. Key Points
Economic TimesThese largecaps have ‘strong buy’ & ‘buy’ recos with upside potential of over 20%
While the markets have been correcting for some time, the pain of correction has been being felt more in the last three to four weeks. The reason, extremely negative market breadth and that too in the mid-cap segment. Until recently, corrections did not appear to be very obvious because one or the other sector kept witnessing sharp up moves and the whole focus of the market went there. So, sometimes it was railways stocks, sometimes power PSUs which keep the noise levels high. The reality is that corrections come and go, the only thing any investor needs to make sure of is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . The screener applies different algorithms for all BSE and NSE stocks. Key Points
Economic TimesVolatility in market is different from volatile business: 5 large cap stocks with upside potential ranging
There cannot be any doubt about volatility on the street, both as reflected by advance decline ratio or the kind of movement we see in nifty and other sectoral indices, one day down another day up to third day to fall again. Amid the current market downturn, the key question arises: will this correction phase usher stocks from a state of overvaluation to being reasonably priced? Investors aiming to inject more funds into the market during this realignment should consider focusing on specific stocks that exhibit dual advantages. Firstly, identify stocks from sectors exhibiting robust performance, benefiting from sectoral growth. This means that their business is not volatile. Second, essential financial metrics such as Return on Equity (ROE), Return on Capital Employed (ROCE), and company debt levels should not be overlooked. Combining the two the sectoral tailwinds and individual companies fundamentals is a necessity in times of market correction. Key Points
Economic TimesTo take care of possible headwinds: 4 largecap stocks from different sectors with upside potential of up t
Market has a strange habit of giving surprises on both sides, moving up when no one is expecting and news is bad all around. Falling when no one is expecting it to fall and there is good news all around. So, in today’s time when there is good news all around, right from higher GDP numbers to better GST collections and on micro front companies announcing more orders and even words like expansion of capacity coming back, instead of predicting the time when there will be a correction, just be ready for it. Ready by staying with large caps and that too with sectors and stocks where some tailwinds are emerging. This is not to say that there cannot be some underperformance in large cap space, but the fact is that over the long term these large caps not only create much more wealth but in a bearish phase, they tend to protect the wealth by falling less as compared to mid and small caps. Key Points
Economic Times
Internal re-rating? 7 stocks from financial service sector with upside potential of up to 26%
In the correction that markets saw in the last four trading sessions, the financial sector stocks, right from banks to other players also declined. But if one looks at the magnitude and the internal breadth of the sector it was much better as compared to a month back when the market correction was started by HDFC bank. There was a bit of profit booking in the PSU bank space, but once again after a small corrective move, things were back with a strong intraday recovery. The way things are panning out in the industry with regulatory tightening taking place, there is very likely that we might see a divergence in performance of different segments of this sector which has the highest correlation with the GDP growth. Better balance sheets and strong franchise are likely to be the differentiating factors. The factor which is largely technical in nature is the shareholding patterns that will also impact the performance of the stocks from this sector. Key Points
Economic TimesLIC ditched these 19 smallcap stocks in Q3. End of the party or just a jittery exit?
Among smallcaps, Kaveri Seed was LIC ownership reducing by about half to 2.66% in Q3. In MOIL, LIC stake fell from 7.42% to 5.46% quarter-on-quarter, shows ACE Equity data. Key Points
Economic TimesStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 24%
While the volatility has been in nifty every now and then, the difference this week was that the mid-cap segment also participated in the correction and breadth was negative. This is indicative of profit booking happening at the broader market level. At this point of time, one cannot rule out volatility with strong bearish bias and more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesFor volatile market conditions: 5 largecap stocks from different sectors with upside potential of up to 24
Volatility never gives notice before coming so one should always be prepared for it. Another point to be watched, if the frequency of the volatile phase increases and it starts to happen every other fortnight, it might be an indication of strong headwinds. For a large number of investors, volatility is only when mid-cap stocks correct. But the problem is that by the time they feel the heat of the correction the price damage is very high. So, it would be better to stay prepared for volatility. One of the ways for that would be to stay with large caps and especially the ones which have shown streak of outperformance at a time when other large caps have been under pressure. Another reason for staying with large caps is that valuations are high in large part of the mid and small caps and they are the ones which might lose more weight if the markets stay under pressure due to profit booking. Key Points
Economic TimesNHB Recruitment Exam 2023: Registration date extended till January 15
NHB Recruitment Exam 2023 registration date extended till January 15, 2024. Check notice here. Key Points
Hindustan Times
US stocks: All three major indices in red, S&P 500 slips 0.5%, Dow 4% after opening
US stocks slumped to start Wednesday with all three major US indices in the red. Around 10 minutes into trading, the Dow Jones slid 0.4% to 37,571.60, while the S&P 500 Index lost 0.5% to 4,718.88 and the Nasdaq retreated 0.6% to 14,670.94 Key Points
mintJEE Main 2024 application correction window to open today on jeemain.nta.ac.in
JEE Main 2024 application correction window opens today. Candidates can make changes in their forms after logging in to jeemain.nta.ac.in. | Competitive Exams Key Points
Hindustan TimesIs it time to buy travel platform companies, aviation stocks or hotel stocks? Mayur Milak answers
“We think this is a great time for the aviation industry to make money. We have seen a very strong correction in crude prices, which is clearly reflecting profitability going forward and the demand has been very steady. We are still doing almost 4 lakh plus passengers on a daily basis.” Key Points
Economic TimesFor calculated risk takers: 5 midcap stocks from different sectors with potential upside of up to 33%
As the mid-cap once again make a comeback, it is time to keep some check and balance while participating in this phase of the rally. The reason is the valuations are not cheap and any correction will lead to sharp correction in individual stock prices. So look for stocks where the return on capital employed and other parameters are good enough to ensure that small disturbances dont impact them much in terms of business.Stocks from sectors like small finance banks, FMCG and small private banks are on the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic TimesAs bulls and bears fight over Nifty, investors should focus on 6 largecap stocks with right mix of RoE & R
Once again bulls have shown that it is not easy to beat them. After a correction in September and October, November has been a month where bulls are back in control. While this fight will continue as pulls and pressure increase toward the end of the year, it would be better that as an investor stay focussed on the business you are owning. Businesses which have a track record of being able to deal with all the swings of economic cycles. It is the large cap companies with strong balance sheets, strong brands and a history of not needing frequent doses of capital which probably would be able to weather a storm and do well. Key Points
Economic Times
What should be the investment strategy across market caps? Shweta Rajani explains
“If you have money which is needed after 10 years plus, then having a slightly higher equity, even to the extent of 80% equity would be good to have in the portfolio. So, look at your asset allocations; five to six years, 65 to 75% equity, if more than that, then you can have 80% equity.” Key Points
Economic TimesIndian stocks rise after US inflation data breather
India's blue-chip stocks rose on Friday after logging losses for the past six sessions, after U.S. treasury yields retreated following weaker-than-expected inflation data, easing some rate-related worries. Key Points
ReutersIn run to safety, investors dump risk, mid & smallcap stocks
We are seeing a mean reversion phenomenon in the markets where the mid- and small-cap indices both peaked in October and are now experiencing a correction at a rate faster than the Nifty said Deepak Jasani, head of retail research at HDFC Securities. Investors display a sentiment of risk aversion and are not willing to wait longer, and hence are pulling out of the market booking profits wherever available or cutting losses. Key Points
Economic Timescorrection is not a worry, but a bubble in small caps could be: Rahul Singh, Tata Asset Management
Nobody really factors it in, and when the correction finally happens, everyone asks the same questions that they should not be asking if they had invested in small caps. There are some things that are in our hands, and some that are not. Key Points
Economic TimesBears don't give notice before coming! 7 largecap stocks from different sector with right mix of RoE & RoC
Never fight liquidity but never ignore valuation. Given that valuations are not very cheap, any disappointment on any front, be it decline in the foreign flows or any domestic development increases the chances of sharp correction across the market. If one is looking to invest in equity, it would be better to have exposure to largecaps and have more checks and balances while picking the stocks. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “hold” or a “buy” or a strong buy . Key Points
Economic Times
Contrarian play? 5 IT service & product stocks with up to 30% upside potential
After being in the front leading the stock market rally during covid, software stocks have been witnessing correction in their valuations for more eighteen months. In August 2021, they had “ buy and strong buy” written all over it. It appeared that nothing wrong could happen with the software sector when it comes to the demand pipeline. By August 2023, more than half the companies have “ hold or sell “ recommendations. Neither expectation of 2021 turned correct, neither the fear of 2023 may turn correct Key Points
Economic TimesGiven the valuations,there is a reasonable chance of a correction in Indian market: Anand Tandon
There is potential market correction due to weakening global flows and the market's high valuation relative to long-term fundamental numbers. While India's domestic flows remain resilient, even mutual funds show a slight easing off in fresh investments into equity funds. Global weakness, whether due to China or the US, will eventually catch up with India, as the country's growth depends on external factors. Key Points
Economic TimesReady for volatile times? 2 mid and 3 largecap stocks with right mix of RoE & RoCE
A software company with a net margin of 10% is probably not worth looking at. But if an infrastructure and construction company has a net margin of 10% it is not bad at all. The best construction player in India strives to get double digit numbers, but it has been able to create wealth for its stakeholder. Every industry has its own matrix which should be taken into account before investing. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic TimesReady for volatile times? 5 largecap stocks with right mix of RoE & RoCE
A software company with a net margin of 10% is probably not worth looking at but if an infrastructure and construction company has a net margin of 10% it is not bad at all. The best construction player in India strives to get double digit numbers, but it has been able to create wealth for its stakeholder. Every industry has its own matrix which should be taken into account before investing. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy Key Points
Economic TimesLooking to beat volatility? Bet on these 5 largecap stocks with right mix of ROE & ROCE
A software company with a net margin of 10 percent is probably not worth looking at but if an infrastructure and construction company has a net margin of 10 percent it is not bad at all. The best construction player in India strives to get double digit numbers, but it has been able to create wealth for its stakeholder. Every industry has its own matrix which should be taken into account before investing. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic Times
12 out of 15 Damani stocks correct up to 25% from Dec highs. Take a look!
Damanis prominent investments include India Cements with about 21% stake and VST Industries with 31% stake. Besides, he holds over 67% stake in Avenue Supermarts and is the promoter of the DMart supermarket chain operator. Key Points
Economic Times